Petrobras Will Invest US$ 27 Billion in Pre-Salt and US$ 20 Billion in Post-Salt

Written by Paulo Nogueira

Published on 07/05/2019 at 14:47

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Petrobras Expects to Invest US$ 27 Billion in Pre-Salt and US$ 20 Billion in Post-Salt Over the Next Five Years. With Plans to Sell BR Distribuidora and Reduce Expenses and Cash, the State-Owned Company Is Restructuring to Focus on Oil Extraction.

The oil company is expected to have 11 more production systems during this period, with seven in the pre-salt. “Our agenda is based on exploration, a focus on the pre-salt, and digital transformation,” said Rudimar Lorenzatto, director of the state-owned company. The firm is expected to have 62 offshore exploration wells between 2020 and 2023. According to him, Petrobras is preparing for a 20% increase in global energy consumption over the next 20 years.

Petrobras Awakens

One of the world’s leading oil companies and the largest company in Latin America, Petrobras returned to profitability after four years of losses, loss of value, increased debt, and involvement in the largest corruption scandal in the country, investigated by Operation Car Wash. The company made a profit of R$ 25.78 billion in 2018, the best result since 2011, when it earned R$ 33.31 billion.

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Petrobras Will Invest US$ 27 Billion in Pre-Salt and US$ 20 Billion in Post-Salt

Petrobras Expects to Invest US$ 27 Billion in Pre-Salt and US$ 20 Billion in Post-Salt Over the Next Five Years. With Plans to Sell BR Distribuidora and Reduce Expenses and Cash, the State-Owned Company Is Restructuring to Focus on Oil Extraction.

Petrobras Awakens

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Petrobras Will Invest US$ 27 Billion in Pre-Salt and US$ 20 Billion in Post-Salt

Petrobras Expects to Invest US$ 27 Billion in Pre-Salt and US$ 20 Billion in Post-Salt Over the Next Five Years. With Plans to Sell BR Distribuidora and Reduce Expenses and Cash, the State-Owned Company Is Restructuring to Focus on Oil Extraction.

Petrobras Awakens

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

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